Barrington Sticks to Its Buy Rating for Cardtronics (CATM)

By Carrie Williams

In a report released today, Gary Prestopino from Barrington maintained a Buy rating on Cardtronics (CATMResearch Report), with a price target of $40. The company’s shares closed yesterday at $30.02.

Prestopino wrote:

“We have an OUTPERFORM investment rating on the stock with a $40 price target.”

According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -1.9% and a 42.2% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, US Auto Parts Network, and Liquidity Services.

Currently, the analyst consensus on Cardtronics is a Strong Buy with an average price target of $39.33.

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Cardtronics’ market cap is currently $1.39B and has a P/E ratio of 130.30. The company has a Price to Book ratio of 3.70.

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Cardtronics plc engages in the provision of automated consumer financial services through automated teller machines and multi-function financial services kiosks. It operates through the following segments: North America, Europe & Africa, and Australia & New Zealand.